Mergers: Commission clears acquisition of Viesgo by EDP

The European Commission has approved, under the EU Merger Regulation, the acquisition of Viesgo Infraestructuras Energéticas, S.L. (‘Viesgo’) of Spain by Energias de Portugal S.A. (‘EDP’) of Portugal.  Viesgo is mainly active in the production and supply of electricity from renewable sources in Spain and Portugal and the distribution of electricity in Spain. EDP is a vertically integrated utility company and the largest generator, distributor and supplier of electricity in Portugal, with significant operations in the electricity sector outside Portugal, including in Spain. The Commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact on the markets concerned. The transaction was examined under the normal merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.9929.